Synchrony Financial (NYSE:SYF) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lowered its position in Synchrony Financial (NYSE:SYF - Free Report) by 70.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 345,068 shares of the financial services provider's stock after selling 835,619 shares during the period. Prudential Financial Inc. owned approximately 0.09% of Synchrony Financial worth $22,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. New Wave Wealth Advisors LLC bought a new stake in shares of Synchrony Financial during the 4th quarter worth approximately $452,000. National Bank of Canada FI lifted its position in shares of Synchrony Financial by 119.0% during the third quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider's stock worth $12,123,000 after purchasing an additional 132,047 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Synchrony Financial by 7.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 178,811 shares of the financial services provider's stock worth $11,787,000 after purchasing an additional 12,492 shares during the last quarter. Brophy Wealth Management LLC purchased a new stake in shares of Synchrony Financial during the third quarter valued at $544,000. Finally, Summit Trail Advisors LLC bought a new position in shares of Synchrony Financial in the fourth quarter worth about $423,000. Hedge funds and other institutional investors own 96.48% of the company's stock.

Synchrony Financial Stock Performance

NYSE SYF traded down $0.52 on Monday, reaching $51.91. The stock had a trading volume of 922,724 shares, compared to its average volume of 3,818,015. The stock has a market cap of $20.18 billion, a P/E ratio of 6.09, a price-to-earnings-growth ratio of 0.71 and a beta of 1.67. Synchrony Financial has a 12-month low of $39.67 and a 12-month high of $70.93. The business's 50-day moving average price is $61.17 and its 200 day moving average price is $60.62. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.24 and a current ratio of 1.24.

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Synchrony Financial (NYSE:SYF - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.91 EPS for the quarter, beating the consensus estimate of $1.89 by $0.02. Synchrony Financial had a net margin of 15.36% and a return on equity of 18.30%. As a group, equities analysts expect that Synchrony Financial will post 7.67 earnings per share for the current year.

Synchrony Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, February 3rd. Synchrony Financial's dividend payout ratio is currently 11.71%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Truist Financial lowered their target price on shares of Synchrony Financial from $77.00 to $65.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Compass Point cut shares of Synchrony Financial from a "buy" rating to a "neutral" rating and set a $70.00 target price for the company. in a report on Tuesday, January 28th. Bank of America upped their price objective on Synchrony Financial from $82.00 to $85.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. The Goldman Sachs Group cut their price target on Synchrony Financial from $82.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Synchrony Financial from $62.00 to $82.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $68.10.

Synchrony Financial Profile

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.